James River Group (NASDAQ:JRVR) Stock Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• Shares of James River Group (NASDAQ: JRVR) have recently crossed below their 50-day moving average, which was at $5.58, as the stock traded as low as $5.38.
• The company received a sell rating from Weiss Ratings, with a consensus target price of $6.06 after mixed ratings from analysts.
• James River Group announced a quarterly dividend of $0.01 per share, yielding 0.7%, despite having a negative net margin of 13.50% and predicted EPS of -0.35 for the current year.

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.58 and traded as low as $5.38. James River Group shares last traded at $5.38, with a volume of 137,956 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of James River Group in a report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.06.

James River Group Stock Down 1.3%

The company has a market cap of $247.05 million, a PE ratio of -1.70 and a beta of 0.01. The business's 50 day moving average is $5.58 and its 200-day moving average is $5.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.63.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $152.61 million during the quarter, compared to analysts' expectations of $176.46 million. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. As a group, analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. James River Group's payout ratio is -1.27%.

Institutional Trading of James River Group

Several institutional investors have recently modified their holdings of the stock. Zimmer Partners LP lifted its position in shares of James River Group by 684.4% during the 1st quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider's stock worth $9,082,000 after buying an additional 1,886,781 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in James River Group by 0.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider's stock valued at $8,641,000 after acquiring an additional 11,001 shares during the last quarter. Geode Capital Management LLC lifted its position in James River Group by 10.5% in the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider's stock valued at $5,875,000 after acquiring an additional 95,351 shares during the last quarter. Boston Partners lifted its position in James River Group by 34.0% in the second quarter. Boston Partners now owns 685,597 shares of the insurance provider's stock valued at $4,018,000 after acquiring an additional 173,981 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in James River Group by 47.8% in the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider's stock valued at $2,535,000 after acquiring an additional 139,883 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company's stock.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.

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